Upwork Inc. (NASDAQ:UPWK – Get Free Report) CFO Erica Gessert sold 4,491 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $10.57, for a total transaction of $47,469.87. Following the completion of the sale, the chief financial officer now directly owns 111,255 shares in the company, valued at $1,175,965.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Erica Gessert also recently made the following trade(s):
- On Monday, August 19th, Erica Gessert sold 20,353 shares of Upwork stock. The shares were sold at an average price of $9.65, for a total value of $196,406.45.
Upwork Trading Down 0.6 %
Shares of NASDAQ UPWK opened at $10.71 on Friday. Upwork Inc. has a 1-year low of $8.43 and a 1-year high of $16.36. The business has a fifty day moving average price of $10.30 and a 200 day moving average price of $11.10. The stock has a market capitalization of $1.43 billion, a P/E ratio of 30.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 3.00.
Institutional Investors Weigh In On Upwork
Several institutional investors have recently bought and sold shares of UPWK. Quadrant Capital Group LLC boosted its holdings in Upwork by 67.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock worth $30,000 after acquiring an additional 803 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Upwork during the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Upwork in the second quarter worth $29,000. Headlands Technologies LLC acquired a new stake in shares of Upwork during the first quarter worth $49,000. Finally, Quarry LP grew its holdings in shares of Upwork by 104.2% during the second quarter. Quarry LP now owns 4,350 shares of the company’s stock valued at $47,000 after buying an additional 2,220 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on UPWK shares. Roth Mkm dropped their price objective on Upwork from $19.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 16th. Piper Sandler cut their price target on shares of Upwork from $20.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Canaccord Genuity Group decreased their price objective on shares of Upwork from $19.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group dropped their target price on shares of Upwork from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group lowered their price target on Upwork from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Upwork presently has an average rating of “Moderate Buy” and a consensus price target of $15.70.
View Our Latest Stock Analysis on UPWK
Upwork Company Profile
Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.
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